Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
89 days until what?
It was filed last yesterday and posted around 6:30pm.
Accepted
2011-06-14 18:38:39
That's not what the NYDEC website lists.
Air permit approved and Solid Waste pending.
http://www.dec.ny.gov/cfmx/extapps/envapps/index.cfm?district_id=626391&county_swis_code=29&stimulus=0
#6 isn't listed on the MSDS sheets at Coco. #2 is. Not sure where you got the information on #6 being sold. Unless these are the wrong MSDS's.
http://www.cocoasphaltengineering.com/msds_asphalt_emulsion_sealer.aspx
Nice product. Hope it is still available when they sell Pak-it.
If the DEC extends the consent period today, will there be an 8K?
Operations in the short term? Permits?
Consent Order expires tomorrow
XI. Termination Date. This Order shall terminate upon issuance of the permits, or six months from the effective date of the Order, whichever is sooner. Failure of Respondents to obtain the necessary permits within six months of the effective date of the Order shall require the Respondent to immediately discontinue operations.
http://www.sec.gov/Archives/edgar/data/1381105/000121390010005243/f8k121510ex99ii_jbi.htm
“Consent Order” means the consent order executed on December 14, 2010 by the NYSDEC, allowing the Company to commercially operate its P2O business;
http://www.sec.gov/Archives/edgar/data/1381105/000121390011002119/f10k2010_jbi.htm
Who is JET INC?
JET INC will supply the Coco Asphalt Engineering A Division of Coco Paving Inc. with the following cost saving services:
Petroleum Distillate /Diesel Purchases:
JBI INC will start providing a Petroleum Distillate product to Coca Asphalt Engineering- A division of Coco Paving, to be used in it's manufacturing division ( emulsion ) starting June 10th. 2011, at a discount price of $0.69/litre for a one (1) year period with first option of renewal and purchased solely on Coco's approved weekly/biweekly/monthly demand basis
www.sec.gov/Archives/edgar/data/1381105/000121390011003196/f8k061011ex10i_jbi.htm
I agree. Just answering the question regarding market after last AGM.
Thank you for the clarification.
I was confused by the use of the pronoun "they"
Both of their processors start at $2-3.5 million, JBI's is $580,000, they don't sell the processors, they own them. Number of processors sold by Agilyx and Envion = 0.
Dow's selling that entity:
http://www.prw.com/subscriber/headlines2.html?cat=1&id=1307361181
Post wasn't clear as it pointed out the competition had 0 processors sold
Both of their processors start at $2-3.5 million, JBI's is $580,000, they don't sell the processors, they own them. Number of processors sold by Agilyx and Envion = 0.
Any confirmation of attendance?
Rawnoc
Share
Friday, June 10, 2011 5:28:00 PM
Re: Steady_T post# 112062
Post # of 112749
I'd appreciate it if you can report in detailed notes how the AGM went since the recording might not be available right away.
Rawnoc
Share
Saturday, June 11, 2011 8:29:12 AM
Re: MGG post# 112087
Post # of 112749
How was the party? Did any management attend? How many were there? Maybe I'll make it there next here.
Rawnoc
Share
Saturday, June 11, 2011 9:19:10 AM
Re: Sexual Healing post# 112096
Post # of 112750
But I thought the AGM itself would be cancelled or rescheduled if there were no permits and that there would be an angry mob?
(1) Was the AGM cancelled or rescheduled?
(2) From your conservations, is anybody angry? Are they all pissed off or euphoric?
I agree that MAYBE the stock price flies on the permits announcement as it brings more attention to people who haven't heard of it and it could lead to speculation that further developments will come out of it such as easier permitting in other states, contracts based on the permits, more media exposure, etc.
But in terms of AGM scheduling and how the mood of the crowd, I think it's blatantly obvious that the AGM is not being rescheduled and, I get the feeling nobody is up there pacing up and down the casino in anger just because the permits will come a few days or weeks after the AGM.
Rawnoc
Share
Saturday, June 11, 2011 9:20:11 AM
Re: Sexual Healing post# 112097
Post # of 112750
I appreciate whatever notes you can give us especially on things not taped like conservations before and after the meeting and general sense of mood, etc.
Rawnoc
Share
Saturday, June 11, 2011 9:44:15 AM
Re: Sexual Healing post# 112102
Post # of 112750
Exactly. Hence I think you guys will see a positive AGM despite no permits quite yet just as I expected.
Rawnoc
Share
Saturday, June 11, 2011 10:19:41 PM
Re: lovethatgreen post# 112327
Post # of 112751
There was a LOT of info not posted yet. I'll answer questions, but I'm too lazy to bother to type up a full report when the video of the presentation will be out in two weeks or so (when it will be far easier to do so).
Ask questions if you have any.
Yes, billionaire(s) from the middleeast and invested.
Would have been cool if they showed up to the AGM.
Oh wait......nobody who posts noticed they/he were there? ;)
Rawnoc
Share
Sunday, June 12, 2011 10:18:18 AM
Re: dreaminbig post# 112386
Post # of 112751
I got connections. ;)
Quote:
________________________________________
You weren't there. How can YOU answer questions?
What was the market reaction immediately following last year's AGM?
Friday prior to last years AGM:
4/23/2010 $5.20 volume 34,316
First trade day after last years AGM:
4/26/2010 $5.53 volume 106,819
One month after last years AGM:
5/24/2010 $1.60 volume 218,242
One month prior to last years AGM:
3/24/2010 $4.60 volume 11,333
http://www.otcmarkets.com/stock/JBII/chart
What was the market reaction immediately following last year's AGM?
Apparently I'm unable to look back that far via the standard sources. But looking at last year's data may help predict the reaction this year. I know the data and news is different, but I've watched the video from last year a few times, and it's still mesmerizing. Without knowing last year's reaction, I'll predict we hit 4.00 this week easily, if not on Monday.
Is JBI selling processors? Wasn't the plan to place processors at different sites and JBI would own and operate?
Both of their processors start at $2-3.5 million, JBI's is $580,000, they don't sell the processors, they own them. Number of processors sold by Agilyx and Envion = 0.
Don't know. Someone said it would take 2 weeks for it to be on the website. With video being instant anymore - wonder why 2 weeks?
You weren't there. How can YOU answer questions?
There was a LOT of info not posted yet. I'll answer questions, but I'm too lazy to bother to type up a full report when the video of the presentation will be out in two weeks or so (when it will be far easier to do so).
Ask questions if you have any.
Yes, billionaire(s) from the middleeast and invested.
Would have been cool if they showed up to the AGM.
Oh wait......nobody who posts noticed they/he were there? ;)
Did he address the other divisions? Tape Reading, Pak-it, Javeco?
Great. Who has the list - can we get comments on the spreadsheet?
This is what it says on the JBI website:
Q&A Submission
There will be a Q&A period at the end of the JBI, Inc. 2011 AGM. To help manage time and expectations, we are accepting questions in advance of the AGM. To submit your question, please enter it in the field below.
IMPORTANT: Please note that time restrictions will limit the number of questions addressed during the Q&A. To help us respond effectively to as many questions as possible, we may elect to group questions by theme.
He'll probably pick the best 3 pre submitted questions and answer those. Then again, he might run out of time and answer none.
Which room are you in? Preregistration would have stopped any capacity issues.
http://www.fallsviewcasinoresort.com/groupsales/pdf/FloorPlan.pdf
Time Saturday, June 11, 2011, 1:30 - 3:00 pm EDT (end time approximate)
More relevant questions:
Are they selling Pak-it now that they don't need them for the catalyst?
Is the third processor built?
Which exchange is JBI going to be trading on? Has a prospectus been filed?
Ryoko:
Relevant questions include:
Permits?
What happened to the LOI?
What happened to the Al Sousa deal?
WM audits/JV?
1:30
Rawnoc Member Profile Rawnoc Member Level Share Friday, June 10, 2011 4:17:03 PM
Re: Sexual Healing post# 112050 Post # of 112058
Anticipation of fuel sales followed by fuel sales = $3.59 up a multi-bagger. We also successfully sustained a multi-bagger.
Other things can make JBII rocket -- but nobody gives a crap about the permits as if this is some sort of event that anybody doubts is coming.
There is no "we shall see" and "who has the last chuckle" -- I made it perfectly clear -- they will NOT, I repeat, NOT cancel nor reschedule the AGM due to lack of permits. This is now been proven to be a correct fact.
That notion was and is and always will be the most ridiculous thing imaginable and the proof is in the pudding -- the AGM is going on without the permits AND nobody cares.
X. Effective Date. The effective date of this Order shall be the date that the Commissioner or his designee signs it. The Department will provide Respondent (or Respondent’s counsel) with a fully executed copy of this Order as soon as practicable after the Commissioner or his designee signs it.
XI. Termination Date. This Order shall terminate upon issuance of the permits, or six months from the effective date of the Order, whichever is sooner. Failure of Respondents to obtain the necessary permits within six months of the effective date of the Order shall require the Respondent to immediately discontinue operations.
EX-99.2 3 f8k121510ex99ii_jbi.htm FINAL CONSENT ORDER
Exhibit 99.3
http://www.sec.gov/Archives/edgar/data/1381105/000121390010005243/f8k121510ex99ii_jbi.htm
Z. Might want to check your facts. All permitting is not in place.
Status: Hearing Decision Due as of 07/18/2011
http://www.dec.ny.gov/cfmx/extapps/envapps/index.cfm?view=detail&applid=770377
Darn, no final permit announcement this weekend.
Last trade -- 3.31
in response to:
Rawnoc Member Profile Rawnoc Member Level Share Thursday, June 09, 2011 10:19:20 AM
Re: dreaminbig post# 111548 Post # of 111819
Last trade -- 3.69
dreaminbig
Wednesday, June 08, 2011 12:04:07 AM
Re: None
Post # of 111770
$4.00 by the AGM? Don't think so.
Piece of what?
... or forever hold your piece...
Thanks for that.
In April 2011, the Company consummated
So the first sale WASN'T May?
con·sum·mat·ed, con·sum·mat·ing, con·sum·mates
1.
a. To bring to completion or fruition; conclude: consummate a business transaction.
"In April 2011, the Company consummated a confidential private placement for the issuance and sale of 1,068,071 Common shares at a price of $0.70 per share. The net proceeds received by the Company were in the amount of $747,650 and will be used for working capital management, development and preparation of the commercial operations of the P2O business. $504,672 of the proceeds was received during the period ended March 31, 2011 and recorded in common stock subscribed."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954206
link please.
Offering started in March? That would have been in the 10Q.
Date of first sale 5/17.
7. Type of Filing
X New Notice Date of First Sale 2011-05-17
If the offering was months ago as some have said, wouldn't the first sale have happened earlier if P2O is so hot?
10Q item 2
shares amount
44,964 asset purchase $26,979.00
942,410 private placement $659,672.00
2,430,000 private placement $1,189,000.00
100,000 former employee $82,000.00
375,000 services provided $300,000.00
240,924 services provided $192,739.00
4,133,298 $2,450,390.00
Can you reconcile the Form D filed yesterday to the numbers in the 10Q?
http://www.sec.gov/Archives/edgar/data/1381105/000121390011003156/xslFormDX01/primary_doc.xml
Item 2 from the 10Q
Unregistered Sales of Equity Securities and Use of Proceeds
http://www.sec.gov/Archives/edgar/data/1381105/000121390011002890/f10q0311_jbi.htm
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
On March 25, 2011, the Company closed an asset purchase agreement to purchase certain assets from an independent party. Under the terms of the aforementioned agreement, the Company will issue 44,964 shares of common stock, par value $0.001 per share, valued at $26,979 as part of the consideration. The shares of common stock to be issued were recorded as common stock subscribed as of March 31, 2011.
Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under the safe harbor provided by Section 4(2) of the Securities Act.
During the period, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 942,410 shares of the common stock. The offering was at $0.70 per share totaled $659,672. As a result of the private placement, the Company received cash of $504,672 and offset the $35,000 short-term loan (note 8(a)). The proceeds of this offering was used for working capital. The Company had stock subscriptions receivable of $120,000 as of March 31, 2011.
The issuance and sale of common stock was an unregistered sale of securities conducted pursuant to Rule 506 of Regulation D or Regulation S promulgated thereunder. Such securities were not registered under the Securities Act of 1933.
In December 2010, the Company consummated a confidential private placement for the issuance and sale of 2,430,000 shares of common stock at a price of $0.50 per share. The Company received gross proceeds in the amount of $1,189,000, net of share issue costs of $26,000. The proceeds of this offering was used for working capital. The 2,430,000 shares of common stock were issued on January 19, 2011.
The issuance and sale of common stock was an unregistered sale of securities conducted pursuant to Rule 506 of Regulation D or Regulation S promulgated thereunder. Such securities were not registered under the Securities Act of 1933.
On January 19, 2011, the Company issued 223,334 shares of common stock as compensation to various parties. The shares were valued at $145,167 and were charged to operations in prior year.
Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under the safe harbor provided by Section 4(2) of the Securities Act.
On January 28, 2011, the Company issued 100,000 shares of common stock to a former employee at an expense of $82,000. The shares issued have been valued at the closing share price on the respective issue dates and were reported as operating expenses in the statement of operations.
Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under the safe harbor provided by Section 4(2) of the Securities Act.
On March 1, 2011, the Company issued 375,000 shares of common stock to two individuals at an expense of $300,000 as a compensation for services provided. The shares issued have been valued at the closing share price on the respective issue dates and were reported as operating expenses in the statement of operations except $40,000 which is recorded as prepaid expenses.
Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under the safe harbor provided by Section 4(2) of the Securities Act.
On March 12, 2011, the Company issued 240,924 shares of common stock to various parties at an expense of $192,739 as a compensation for services provided. The shares issued have been valued at the closing share price on the respective issue dates and were reported as operating expenses in the statement of operations.
Such securities were not registered under the Securities Act. The issuance of these securities was exempt from registration under the safe harbor provided by Section 4(2) of the Securities Act.
Do you have a copy of the prospectus? That would clear up the date issue.
So was is a mistake in the filing? Is that what you are saying?
Date of First Sale 2011-05-17
So is this a mistake? Or were there 2pipes?
2nd quarter 10Q will tell all.